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Property and Equipment, net
 12 Months Ended
Jun. 30, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment, net

 


(5) Property and Equipment, net

 

As of June 30, 2021 and 2020, property and equipment, net consisted of the following: 

 

 

 

June 30,

 

(In thousands)

 

2021

 

 

2020

 

Furniture, fixtures, equipment & leasehold improvements

 

$

535

 

 

$

2,522

 

Software

 

 

315

 

 

 

326

 

Capital improvements in progress

 

 

187

 

 

 

—

 

Gross property and equipment

 

 

1,037

 

 

 

2,848

 

Accumulated depreciation

 

 

(774

)

 

 

(2,512

)

Property held for disposal, net

 

 

—

 

 

 

(237

)

Property and equipment, net

 

$

263

 

 

$

99

 

 

Depreciation expense of property and equipment was $55 thousand for the year ended June 30, 2021 and $189 thousand for the year ended June 30, 2020.

 

On August 3, 2020, the Company terminated its corporate office lease in Austin, Texas and wrote-off the remaining net book value of the related leasehold improvement assets in the amount of $229 thousand. This write-off was recorded at the ATI business segment.